Airtel Block Deal: 3.44 crore shares worth Rs 7,420 crore change hands

The block deal was executed at Rs 2,108 per share, slightly above the floor price of Rs 2,096.70 per share, which was set at a 3% discount to Airtel’s Tuesday NSE closing price of Rs 2,161.60. As of 9:17 am on Wednesday, Airtel shares were trading at Rs 2,107.50, down 2.50%.

According to the term sheet seen by PTI, the transaction—valued at around $806 million—was conducted through one or more share sales on the stock exchanges. The deal is entirely secondary, meaning no new shares were issued and the proceeds go directly to the selling shareholder.

Shareholding impact

ICIL held 1.48% in Bharti Airtel at the end of the September quarter. After the completion of this 0.56% equity sale, its stake will reduce to 0.92%. The company will also be under a 90-day lock-up period on its remaining shares.

Promoter entities including Bharti Telecom and Singtel’s Pastel Ltd collectively hold 50.27% in the telecom major.

Recent promoter transactions

The block deal comes amid a series of stake divestments by Airtel’s promoter entities:

• Earlier this month: Singtel sold 0.8% stake for Rs 10,353 crore.
• August 2025: ICIL sold nearly 1% stake for Rs 11,227 crore.
• February: ICIL offloaded shares worth Rs 8,485.11 crore through a market transaction.

About the company

Bharti Airtel is a global communications services provider operating in 17 countries across Asia and Africa. The company offers mobile services (2G, 4G, 5G), home broadband, DTH, and an extensive suite of digital and enterprise solutions.